Whilst I agree with much that's been said on this thread we need to consider the demerger. As of today, the combined MC of ALK and ASM is around $1060 million, of which $485 million is contributed by ASM.
Who would have thought 5 months ago that the Dubbo project was worth potentially half of ALK's MC back in July '20 - and this was distributed to ALK s'holders at no cost. The steady slide in ALK's sp is reflecting the fact we are now a smaller company. The slide has probably been overdone (as markets do) and a correction is overdue.
imo this couldn't have been avoided - valuing a non-existent company was well nigh impossible - it's tough enough valuing an existing business.
Regards...
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Last
61.5¢ |
Change
0.020(3.36%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 63.0¢ | 60.5¢ | $448.5K | 733.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20632 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 441 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
61.0¢ |
Change
0.020 ( 2.52 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 62.0¢ | 60.5¢ | 233251 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| ALK (ASX) Chart |